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Recent Renewal Logs
5-8-2012 5:56:00 PM
Criminals who file fraudulent tax returns by stealing people's identities could rake in an estimated $26 billion over the next five years because the IRS cannot keep up with the amount of the fraud, Treasury Inspector General J. Russell George said Tuesday.
4-24-2018 12:09:54 PM
Everyone has heard about the flood of store closings in recent years. Tuesday there was some news about store openings.
4-24-2018 11:37:11 AM
Real estate prices posted an annual gain of 6.3% in February, and have been rising continuously for the past 70 months.
Setting Goals and Objectives
Often, it is easier to achieve our desires if we differentiate between short term and long term. Goals are quantifiable, meaning they are measured in general terms (e.g., I want to make sure that all of my family’s needs are met. Objectives are quantifiable, meaning they can be measured by a specific number or amount (e.g., I want to have $250,000 in my IRA when I retire at age 62).Prepare Your Own Budget
In order to complete this section, you will prepare two budgets. Use the first budget to assess how you spend your money right now. Enter the income and expenses that accurately reflect how you spend your current status. Are there any areas where you spend money unnecessarily? Can you save money by cutting down on the amount you spend eating out? It costs about $10 to eat lunch everyday. That’s a whopping $200 per month! And, how necessary is it to have 100 premium cable or satellite TV channels?
Study this assessment budget for areas to cut and SLASH, SLASH, SLASH!
The second budget is your baseline budget. After you enter your income, enter your new budget which reflects your new expenses. You might be pleasantly surprised to see that you have more income than you thought. Now the hard part begins. It may hurt now but the benefits will far outweigh the pain once you accomplish your goals. Work hard to stick to your budget every month. If you fall off the wagon, don’t throw in the towel. Get back up and continue forward.